Sports Direct International Plc Notification of Major Interest in Shares (2295X)

TIDMSPD

RNS Number : 2295X

Sports Direct International Plc

17 February 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                        Sports Direct International 
  the underlying issuer                                                                      plc 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  --------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights 
----------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------  ------------------------------ 
 An event changing the breakdown of voting rights                                x 
----------------------------------------------------------------  ------------------------------ 
 Other (please 
  specify): 
---------------------------------------------------------  -----  ------------------------------ 
 3. Full name of person(s)                                          MASH Holdings Limited 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                            16 February 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                               17 February 2017 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are                                    From 56% to 57% (total direct 
  crossed or                                                             and indirect) 
  reached: (vi, vii) 
-----------------------------------------------------------  ----------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                Resulting situation after the 
  of             to the triggering                 triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  --------------------------------  --------------------------------------------------------------------- 
                Number            Number          Number          Number of voting             % of voting 
                 of                of              of              rights                       rights (x) 
                 Shares            Voting          shares 
                                   Rights 
-------------  ----------------  --------------  --------------  ---------------------------  ------------------------ 
                                                  Direct          Direct         Indirect      Direct       Indirect 
                                                                   (xi)           (xii) 
-------------    ------------      ------------  --------------  -------------  ------------  -----------  ----------- 
 Ordinary 
 Shares of 
 10p each 
 GB00B1QH8P22     330,000,000      330,000,000     26,492,540      26,492,540    303,507,460   4.58%        52.47% 
               ----------------  --------------  --------------  -------------  ------------  -----------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Expiration        Exercise/                       Number of voting               % of voting 
 financial         date              Conversion                      rights that                    rights 
 instrument        (xiii)            Period (xiv)                    may be 
                                                                     acquired if 
                                                                     the 
                                                                     instrument 
                                                                     is 
                                                                     exercised/converted. 
---------------  ----------------  ------------------------------  -----------------------------  -------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of        Exercise        Expiration        Exercise/         Number of                    % of voting 
  financial     price           dates (xvii)       Conversion        voting rights                rights (xix, 
  instrument                                       period            instrument                   xx) 
                                                   (xviii)           refers to 
-------------  --------------  ----------------  ----------------  ---------------------------  ---------------------- 
                                                                                                              Delta 
-------------  --------------  ----------------  ----------------  ---------------------------  -----------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  ------------------------------------------------------------------- 
 330,000,000                                        57.05% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------ 
 MASH Holdings Limited holds an interest in 26,492,540 
  ordinary shares of the issuer (representing 4.58% of 
  the voting rights of the issuer). 
  MASH Beta Limited, a controlled undertaking of MASH 
  Holdings Limited, holds an interest in 303,507,460 ordinary 
  shares of the issuer (representing 52.47% of the voting 
  rights of the issuer). 
  In aggregate, MASH Holdings Limited and MASH Beta Limited 
  hold interests in 330,000,000 ordinary shares of the 
  issuer (representing 57.05% of the voting rights of 
  the issuer). 
  MASH Holdings Limited is wholly owned by Mike Ashley. 
 
 Proxy Voting: 
------------------------------------------------------------------------ 
 10. Name of the proxy holder:                                  N/A 
--------------------------------------------------------  -------------- 
 11. Number of voting rights proxy                              N/A 
  holder will cease to hold: 
--------------------------------------------------------  -------------- 
 12. Date on which proxy holder will                            N/A 
  cease to hold voting rights: 
--------------------------------------------------------  -------------- 
 
 
  13. Additional information:                                    N/A 
--------------------------------------------------------  -------------- 
 14. Contact name:                                         Justin Barnes 
--------------------------------------------------------  -------------- 
 15. Contact telephone number:                             01737 231 340 
--------------------------------------------------------  -------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 17, 2017 11:01 ET (16:01 GMT)